Fanuc net profit up 4.1 percent in first half

Fanuc Ltd. said Friday its group net profit in the fiscal first half through Sept. 30 rose 4.1 percent from a year earlier to 19.61 billion yen.

The world’s top maker of numerical control equipment attributed the rise to firm demand both at home and abroad for robots, which kept production running at full capacity.

The company’s group pretax profit inched up 0.8 percent to 32.34 billion yen thanks to cost-cutting efforts despite a 17.1 percent fall in sales to 99.43 billion yen.

Fanuc noted that demand was generally weak for machine tools in the six-month period, but domestic demand for industrial robots continued to be strong, while sales in Europe and Asia were firm and a recovery trend was seen in the United States.

Fanuc’s group per-share net profit rose to 83.62 yen from 78.64 yen a year earlier.

Fanuc said it plans to pay an interim dividend of 10 yen per share, compared with 11 yen a year earlier.

Meanwhile, Fanuc upwardly revised projections for the current fiscal year.

It now expects group net profit of 37 billion yen, up from 21.8 billion yen, and group pretax profit of 63 billion yen, up from 37.7 billion yen.

Group sales are expected to come to 207 billion yen, up from the previously forecast 183.1 billion yen.